But it ran out of money, in part because it racked up a
good-sized bill every month from Amazon, CEO Pierre-Olivier
Latour
told The Verge's Casey Newton.

In the early days, Everpix had all the earmarks of a success.
Latour is a 34-year-old French entrepreneur who sold his first
company to Apple in 2003 (a tech called "PixelShox” which was
renamed “Quartz Composer"). His co-founder Kevin Quennesson was
from Apple, too, and held several patents.

The startup grabbed 55,000 users including 6,800 paid subscribers
and stored their 400 million photos on Amazon's cloud storage
service.

Subscriptions were on the rise in August, September and October.
"Each month was our best ever for revenues at its time," an
employee told us.

But subscriptions
tapered off But the income wasn't enough to cover its
bills. Venture capitalists weren't biting when Latour tried to
raise another $5 million. The startup's seven employees were
working for minimum wage with hope that Latour could sell
the service, and its automatic sorting technology, as an
acqu-hire. Latour wanted Path to buy it, but that deal fell
through, Newton reports.

The final straw was a looming $35,000 bill from Amazon. "Our AWS
bill is going to be due on the third. We’re not going to be able
to pay," Latour told Newton.

In the face of that, the founders had no choice but to close
shop.

Here's the sad good-bye note that Everpix posted on its website.

We gave it our all…

It is with a heavy heart we announce that Everpix will be
shutting down in the coming weeks.

We started this company two years ago with the goals of solving
the photo mess and designing better ways for people to enjoy
their memories. We are very proud of the work we’ve done—from the
cutting-edge semantic analysis and syncing technology, right down
to every pixel on our website and mobile apps.

We are grateful to our investors for giving us the opportunity to
grow this project. But more importantly, we are so very thankful
to the folks who supported us with subscriptions and feedback.
You guys are the best.

It's frustrating (to say the least) that we cannot continue to
work on Everpix. We were unable to secure sufficient funding in
order to properly scale the business, and our endeavors to find a
new home for Everpix did not come to pass. At this point, we have
no other options but to discontinue the service.

We will email everyone soon in regards to refunds and exporting
photos from Everpix—your memories are very important to us, and
you can rest assured everyone on the team is working hard to
ensure a simple and painless process.

Please read this document which explains the situation in more
detail. Please don’t hesitate to reach out with questions or
thoughts. Email us atfeedback@everpix.com or tweet @everpix.